This course is an informative overall introduction to government financial management. Students become acquainted with the historical context of the federal government and the legal concepts that drive Congressional appropriation actions.
This course presents budgetary and cash financial reporting documents, explains the interrelationships of these forms and discusses impending reporting changes. This course also presents the financial documents that trace and record the movement of appropriated and other federal funds from appropriation through financial reports.
Major topics include:
Government historical perspective (legislative requirements)
The Federal Budget Process
Appropriation Law case studies
Federal Account Symbols & Titles (receipt, expenditure, suspense)
Agency Location Codes (ALCs/DSSNs)
Budgetary formula and OMB reports SF 132 & 133 (Facts II)
FMS 6200 Warrant and FMS 1151 Non Expenditure Transfer Authorization
Collection/disbursement documents and monthly reports
FMS 224 (FMS 1219/1220) Reporting
Who should attend:
Budget Analysts, Financial Program personnel, Accountants, Auditors, Federal Accounting systems design or implementation specialists. Excellent for those in need of a complete overview of government financial management.
Dollars and $ense: